[ethan]

UEM leads Malaysian consortium for US$1.2b Dubai project

UEM leads Malaysian consortium for US$1.2b Dubai project

BY B.K. SIDHU
United Engineers (M) Bhd (UEM) has emerged as lead member, with 65% stake, in a Malaysian consortium that is said to be the front-runner for the US$1.2bil monorail project in Dubai.

MTrans Holdings Sdn Bhd, the parent company of monorail operator KL Infrastructure Group Bhd, will hold the balance 35% stake. MTrans had invited UEM on board last month given the latter’s vast experience and expertise in structural and civil engineering works.

Several parties had shown interest in the monorail project, but subsequently there were only two bidders, the UEM-led Malaysian consortium and Japan’s Hitachi Ltd.

The contract was expected to be awarded this week but was delayed due to some minor changes. Sources said the Dubai authorities would announce the successful bidder very soon.

The sources said UEM officials were in Dubai last week to iron out details of the changes that the authorities had made to the original plan.

The project, which entails the development of a 5.6km monorail system in Dubai’s prestigious Palm Jumeirah, will be awarded by leading Middle East developer Nakheel.

The winning party will have to begin work on the monorail project fairly quickly given the Dubai authorities expect commercial operations to begin in 2008.

About 60% of the contract value would cover civil works. Sources said UEM Builders Bhd might be in the running for that portion should the Malaysian consortium secure the project.

MTrans' portion would be to manufacture and provide the trains for the monorail service. Sources said it would be required to supply six two-car trains in 2008, and three more later.

The technical partner for the Malaysian consortium is Siemens A.G Transportation, which will provide the electrical and electronics for signalling as well as systems integration.

The project would be a major boost to UEM should the Malaysian consortium win, since UEM had been on an aggressive drive to look for business opportunities globally.

The UEM Group's overseas projects include the RM900mil Selwa Road project and a RM300mil technology college in Qatar.

 

[Rupmulalauk]

Hitachi just won in Jakarta last year. Malaysia failed because of it's late submission I read.
Good to know our Monorail is going global! First Seoul, now Dubai!

 

[rizalhakim]

IOI Properties confident Sentosa Cove condos can sell
By S.C. CHEAH

Seaview Collection

KUALA LUMPUR: IOI Properties Bhd is confident that its biggest high-end development in Singapore’s Sentosa Cove will be a success despite soaring crude oil prices and a softening property market in the republic.

Executive director Datuk Lee Yeow Chor said the group had foreseen the market softening and construction costs rising when subsidiary IOI Properties (S) Pte Ltd and joint-venture partner Ho Bee Investment Ltd successfully tendered for a 5.3-acre 99-year leasehold land called Pinnacle Collection in Sentosa Cove in January for S$1.09bil (RM2.5bil).

The price is about 13.9% more than the reserved price of S$963mil.

“When we tendered for the land last December, the residential market in Singapore was consolidating. It’s good to have a correction as the market went up too fast, by 31%, last year,” Lee told StarBiz after shareholders approved the deal at an EGM yesterday.

Lee said what was more important was the land’s potential as it was the last piece of condominium land parcel in Sentosa Cove.

He said Sentosa Cove had three major attributes – a famous name; a seafront property that would attract many international high-net worth investors; and its location near the integrated resort-cum-casino development where the Genting group would be investing S$5.3bil.

“We believe the integrated resort will give Sentosa Cove a big boost when it (resort) is completed end-2009. We have timed our development (Pinnacle Collection) with the completion of the resort so that people can see the full potential of the place,” he added.

Lee said the group planned to build condominiums, priced about S$3,000 per sq ft.

Pinnacle Collection, to be launched next year, will have seven 18-storey blocks and a 20-storey luxurious condominium. It will have 280 apartments and penthouses of various layout and sizes.

“The average size (per unit) would be 2,500-3,200 sq ft. There will be private lift lobbies. It will cater to the international market,” Lee said, adding that besides Singapore, it would target investors from Indonesia, China, the Middle East and India.

It will have a total development cost of S$1.6bil and estimated gross development profits (before interest costs) of S$500mil.

To be completed in early 2012, it will be funded from sales proceeds, borrowings by joint-venture company Pinnacle (Sentosa) Ltd (IOI Properties and Ho Bee will have 65:35 ownership) and advances from shareholders. Sales will commence in mid-2009.

The Pinnacle Collection is one of two condominium parcels that flank the entrance of the marina leading to Sentosa Cove.

It is adjacent to the 3.6-acre leasehold Seaview Collection, which was successfully tendered by another IOI Properties subsidiary with Ho Bee in March 2007. Seaview Collection, a luxury condominium project comprising two eight-storey apartment blocks with 151 units, will be launched in the third quarter.

 

[rizalhakim]

Berjaya in RM11b joint venture



Berjaya Jeju will be the master developer of the 74.37ha Yerae Resort-type Residential Complex in Jeju, South Korea, over eight to 10 years

BERJAYA Land Bhd is partnering the Jeju Free International City Development Centre (JDC) to develop a US$3.6 billion (about RM11 billion) resort-type residential and commercial complex in South Korea.

Berjaya Jeju Resort Ltd is an 81:19 joint venture between Berjaya Leisure (Cayman) Ltd and JDC.

Berjaya Jeju will be the master developer for the development of 74.37ha in Yerae-Dong, Seogwipo-Si, Jeju.

The Yerae Resort-type Residential Complex will be developed over eight to 10 years, Berjaya Land said in a statement yesterday.

The development, costing US$2.6 billion (RM8 billion) to build, will comprise 600 mid-rise apartments, 200 villas, 500-room resort hotel and serviced residences, and a full-fledged casino with 500 rooms.

Other components include a commercial facility and shopping; indoor arena and dining amenities; a health, medical centre and spa resort; cultural village; and other recreational, private and public facilities.

The casino, a key development, will be built in the early phase of the project.

Berjaya Jeju, which will have an initial paid-up capital of US$30 million (RM95 million), will enter into a sale and purchase agreement with JDC to buy the land from JDC for 72.1 billion won (RM230 million).

Following the acquisition, JDC is required to con-tribute not less than US$4.5 million (RM14 million) worth of improvements to the land in the form of infrastructure such as roads and parks.

Berjaya Land said that the development cost of the project will be financed through equity, borrowings and proceeds from the sale of housing units developed under the project.

JDC is a statutory agency established within South Korea's Ministry of Construction and Transportation.

It oversees the development of Jeju.

 

[rizalhakim]

Berjaya Land to build financial centre in Vietnam

An artist’s impression of the proposed Vietnam Financial Centre in Ho Chi Minh City.

BERJAYA Land Bhd will start work on the multi-billion-ringgit Vietnam Financial Centre project in Ho Chi Minh City, Vietnam, later this year, after receiving the go-ahead from the licensing authorities there.

The company said in a statement yesterday that the project, to be undertaken by its wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd, is scheduled for completion in stages from 2010 to 2013.

ABOVE: Ho Chi Minh City People’s Committee chairman Le Hoang Quan (right) presents the investment certificate to Berjaya Land CEO Datuk Francis Ng. Looking on is the Malaysian ambassador to Vietnam Lim Kim Eng.

The company received the investment certificate from the licensing authority in Vietnam on Saturday.

The project located at Ba Thang Hai Street, District 10, will comprise three blocks of 48- storey grade “A” offi ce tower, a multi-storey high-end shopping mall, one tower of 48-storey five-star international hotel with ballroom and convention facilities and one tower of 48- storey luxury service suites.

Based on the latest development plans, the project will have an estimated total gross floor area of about 698,554 square metres with an estimated gross development value and costs of about US$1.3 billion (RM4.2 billion) and US$930 million (about RM3 billion) respectively.

The estimated total gross development site is 102,703 sq m, of which about 66,388 sq m will be developed.

The Vietnam National Pagoda, Hoa Binh Theatre, Youth Culture Centre and the proposed development of the Ky Hoa Hotel (to be undertaken by a third party) are located on the remaining development site measuring approximately 36,315 sq m.

BLCayman will also be overseeing the landscaping of the site, the statement added.

By theSun

 

[rizalhakim]

IOI to delay project launches in Singapore
by Sharon Tan
Email us your feedback at [email protected]


PUTRAJAYA: IOI Properties Bhd will wait for the next cycle to launch its property development projects in Singapore in view of the less-than-robust economic market, said its executive chairman Tan Sri Lee Shin Cheng.

However, he said construction work on the two projects — Seaview Collection and the Pinnacle Collection in Sentosa Cove — would go ahead as planned.

Speaking to reporters after the company’s EGM here yesterday, Lee said the time was not right to launch both the projects and “the next cycle will be higher than the previous cycle”.

IOI Property, through a joint venture with Ho Bee Investment Ltd, is developing the Pinnacle Collection, which comprises seven 18-storey blocks and one 20-storey block of luxurious condominiums, while Seaview is a luxury condominium development comprising two eight-storey apartment blocks.

The group has a total of 4,500 acres (1,821 hectares) of landbank in the Klang Valley and Johor. It also plans to develop 543 acres of land in Putrajaya into high-end bungalow lots and condominiums which would be launched next year.

On the issue of windfall tax which will affect IOI Corporation Bhd’s plantations division, Lee said the group was disagreeable to the tax as the industry was already paying cess to the Malaysian Palm Oil Board, in addition to levies imposed in Sabah and Sarawak, apart from their subsidising of cooking oil.

“There is no country in the world where planters are subsidising manufacturers,” he added.

Last week, the government had announced the removal of the cooking oil stabilising scheme as part of the subsidy restructuring scheme and replaced with windfall tax.

According to Lee, IOI was also finalising a US$100 million (RM325 million) investment as part of its expansion plan in Rotterdam, Holland. IOI already owns a palm oil refinery of 85,000-tonne capacity and would build a 300,000-tonne capacity plant to process margarine.

On its previous proposal to buy six plantation companies in Sarawak which would have cost RM439.9 million, IOI’s group executive director Datuk Lee Yeow Chor said the deal had fallen through due to technical issues.

“It is not about the price but title. Some pre-conditions cannot be satisfied,” he said, adding that it would be difficult to say if IOI would pursue the purchase of these plantations later. The six companies have a combined plantation landholding of 44,350ha, of which 30.4% or 13,500ha were planted with oil palm.

 

[Arkdriver]

how about abu dhabi and qatar's race circuits? genting's singapore casino?

 

[rizalhakim]

SPK-Sentosa pursuing more projects in Abu Dhabi
Published: 2008/06/11



The property firm is confident of securing some of the projects it is bidding for, says its managing director


SPK-SENTOSA Corp Bhd, the property arm of Syarikat Permodalan Kebangsaan Bhd, is bidding for several civil construction projects in Abu Dhabi as part of its expansion plan abroad.

“We are still waiting for the results but we are positively optimistic that we can secure some of the projects,” managing director Saiful Aznir Shahabudin told reporters after the company's annual general meeting today.

He said the company's recent success in securing a RM444 million contract to construct two blocks of 44-storey towers each in Al-Reem Island, Abu Dhabi, would help raise the company’s profile to secure more projects there.

“We are pursuing more projects in Abu Dhabi given the robust property market there,” he added.


SPK-Sentosa has a total order book of about RM500 million, mainly in West Asia, which will last until the end of 2009.

Saiful Aznir said the company is also bidding for a few projects under the Ninth Malaysia Plan but he declined to disclose the details.

On the oil and gas division, he said it is looking to clinch more projects in the domestic market and hopes to generate sustainable earnings.

SPK-Sentosa is involved in phase two of the Miri Crude Oil Terminal Rejuvenation Project, the KR-1 Sewer System Modification Project in Terengganu and the MDD 134 Malaysia LNG Dua Debottlenecking Project.

“Overall, we are aiming for equal revenue and profit contribution from the construction and oil and gas divisions this year,” Saiful Aznir said.

The construction division now contributes about 60 per cent to the total revenue while the balance comes from the oil and gas division.

For the first quarter ended March 31, 2008, SPK-Sentosa posted a pre-tax loss of RM1.533 million compared with a loss of RM139,000 in the same quarter last year while its revenue rose to RM51.031 million from RM22.762 million previously. — Bernama

 

[nazrey]

Fortune Tower, an Office Block at Jumeirah Lake, Dubai, UAE

© Copyright 2008 IJM Corporation Berhad. All rights reserved.

 

[rizalhakim]

Bina Puri gets Bangkok condo job
Published: 2008/06/12

CONSTRUCTION firm Bina Puri Holdings Bhd has won an RM81 million contract to build two blocks of condominiums in Bangkok, Thailand.

The job was awarded to its unit Bina Puri (Thailand) Ltd-Dimara (Thailand) Ltd joint venture by S&S Sukhumvit Co Ltd, a subsidiary of TCC Capital Land Ltd.

Works are due to start in the third quarter of 2008 and completed by December 2010.

http://www.skyscrapercity.com/showthread.php?t=587045

 

[rizalhakim]

SPK-Sentosa pursuing more projects in Abu Dhabi
Published: 2008/06/11



The property firm is confident of securing some of the projects it is bidding for, says its managing director


SPK-SENTOSA Corp Bhd, the property arm of Syarikat Permodalan Kebangsaan Bhd, is bidding for several civil construction projects in Abu Dhabi as part of its expansion plan abroad.

“We are still waiting for the results but we are positively optimistic that we can secure some of the projects,” managing director Saiful Aznir Shahabudin told reporters after the company's annual general meeting today.

He said the company's recent success in securing a RM444 million contract to construct two blocks of 44-storey towers each in Al-Reem Island, Abu Dhabi, would help raise the company’s profile to secure more projects there.

“We are pursuing more projects in Abu Dhabi given the robust property market there,” he added.


SPK-Sentosa has a total order book of about RM500 million, mainly in West Asia, which will last until the end of 2009.

Saiful Aznir said the company is also bidding for a few projects under the Ninth Malaysia Plan but he declined to disclose the details.

On the oil and gas division, he said it is looking to clinch more projects in the domestic market and hopes to generate sustainable earnings.

SPK-Sentosa is involved in phase two of the Miri Crude Oil Terminal Rejuvenation Project, the KR-1 Sewer System Modification Project in Terengganu and the MDD 134 Malaysia LNG Dua Debottlenecking Project.

“Overall, we are aiming for equal revenue and profit contribution from the construction and oil and gas divisions this year,” Saiful Aznir said.

The construction division now contributes about 60 per cent to the total revenue while the balance comes from the oil and gas division.

For the first quarter ended March 31, 2008, SPK-Sentosa posted a pre-tax loss of RM1.533 million compared with a loss of RM139,000 in the same quarter last year while its revenue rose to RM51.031 million from RM22.762 million previously. — Bernama

SPK-Sentosa set to win projects in UAE


KUALA LUMPUR: SPK-Sentosa Corp Bhd is quite confident of clinching some construction projects in Abu Dhabi, according to managing director Saiful Aznir Shahabudin.

He said this was part of its overseas expansion plans and the company was focusing on Abu Dhabi because of its buoyant construction market.

“We have put in several tenders and are still waiting for the results,” he said after the company AGM yesterday.

In 2007, the company secured a contract worth RM427mil to build two 44-storey towers on Al Reem Island in Abu Dhabi.

Saiful Aznir Shahabudin

SPK-Bina Puri JV, a 70:30 joint venture between Pembinaan SPK Sdn Bhd (wholly-owned subsidiary of SPK-Sentosa) and Bina Puri Holdings Bhd, is undertaking the mixed residential, commercial and recreational development.

Saiful said the company was also bidding for projects under the Ninth Malaysian Plan, but declined to elaborate.

At present, SPK-Sentosa had a total order book of RM500mil, which should last the company until 2009, he said.

On its oil and gas division, he said the company had three ongoing projects - the RM146.2mil Miri Crude Oil Terminal Rejuvenation Project, the KR-1 sewer system modification project in Terengganu and the MDD 134 MLNG Dua Debottlenecking project in Bintulu.

Construction contributes 60% to the group's turnover, with the rest coming from the oil and gas division.

“Overall, we are aiming for an equal revenue and profit contribution from the two divisions this year,” he added.

 

[rizalhakim]

Luxury makes its way to Mongolia


Malaysia Pacific Corp is teaming up with Seacrest Land Ltd to construct a 22-storey luxurious apartment building and a clubhouse in Mongolia.

Seacrest will own a 70 per cent stake in the joint venture company while 30 per cent will be held by Malaysia Pacific Corp unit Bedford PJ Complex Sdn Bhd, it said in a statement to Bursa Malaysia.

The joint venture company will develop the project in Ulaanbaatar, Mongolia, with Tsetsens LLC.

Tsetsens is owned by the Batsumbu family which also runs mining and exploration projects in copper, gold and coal.

Malaysia Pacific Corp said with the proposed arrangement, it will be able to ride the economic growth presently being experienced by Mongolia.

Quoting a report by Property Frontier, the UK Property Investment Consultancy Group, it said Mongolia is currently experiencing an economic boom and a rapidly developing tourism industry.

Malaysia Pacific Corp said partnering Tsetsens in the proposed arrangement will be seen as strategic for the group as it is exploring opportunities to invest in exploration and mining operations in Mongolia.

 

[nazrey]

Pangkor Laut and Spa Village launched as international luxury resort and spa brands at The World, Dubai
YTLcommunity News, May 14, 2008

Project model: Pangkor Laut Luxury Resort, Residence & Spa Village
in Dubai during the launch with some investors


DUBAI, May 14th, 2008: Pangkor Laut Luxury Resort, Residence & Spa Village, a luxury multi-module resort property being developed on The World, Dubai, was unveiled at a sumptuous gala dinner reception, held at The Westin Dubai Mina Seyahi Beach Resort & Marina last night.

Over 300 people attended the champagne and caviar event, as the luxury resort, modeled after world-renowned Pangkor Laut Resort in Malaysia, was unveiled to potential investors and the media.

The award-winning Pangkor Laut Resort is managed by YTL Hotels, who have been invited to bring their unique, world-class brand of luxury hospitality to the resort property being developed here in Dubai by licensing the brand name Pangkor Laut to the project and by being appointed as the sole hotel operator to manage and service the 7-star facilities that will be available at Pangkor Laut Luxury Resort, Residence & Spa Village at The World, Dubai.

In addition, YTL Hotels have also licensed their own spa brand name Spa Village for the spa facility of the project, and have similarly been appointed to set up and manage the five-star spa in the Dubai property.

Project model: Pangkor Laut Luxury Resort, Residence & Spa
Village in Dubai during the launch with some investors


My associates and I are indeed very honoured to be here to witness this special launch….and very proud to be part of the project team to deliver service excellence to future guests and residents of Pangkor Laut Luxury Residence at The World’ said Mr Eric Eoon, Executive Director, Business Development in his opening remarks for the evening. He represented YTL Hotels at the launch event in Dubai, with fellow colleagues Mr Carl Kono, Executive Vice President Operations, YTL Hotels, Mr Jeffrey Mong, Resort Manager, Pangkor Laut Resort, Ms Chik Lai Ping, Spa Division Manager, YTL Hotels and Ms Ming Lee, Marketing Communications Director, YTL Hotels.

City-D Development, known for its luxury projects in CIS countries has teamed up with some of the world’s renowned companies to develop the Pangkor Laut Luxury Resort, Residence & Spa Village, on Nakheel’s prestigious development, The World, located four kilometres off Dubai’s luxurious Jumeirah coastline.

Pangkor Laut Luxury Resort, Residence & Spa Village, is built over a 1,600,000 square foot island plot in the heart of The World, and will offer a unique lifestyle package combining luxurious villas, townhouses and apartments; a mouthwatering range of restaurants, leisure facilities and exclusive retail outlets. The resort and spa offers an array of treatments within an environment of total indulgence. It is all set against the backdrop of Dubai’s magnificent coastline.

The Pangkor Laut Luxury Resort will offer 120 deluxe guest rooms, 20 fully equipped luxury beachfront villas, shopping gallery, aqua park and an underwater nightclub – a first for Dubai.

The residential component, Pangkor Laut Luxury Residence & Spa Village, was designed to offer an experience of the most luxurious waterfront lifestyle possible. It will offer 92 fully furnished & equipped apartments, 27 attached 3-bedroom villas each with a private swimming pool, 34 independent luxury villas with private marinas, community centre, and Spa Village. Each will be furnished with world famous, branded interior products and fully serviced at the highest levels.

Designed by architect and engineering firm, Agostine and Raphael Group, the resort development will bring together some of the best names in resort conception, fit-out and design, including Bang & Olufsen, Bagnaresi and ABB. All transportation needs will be served by Majesty Yachts.

Tan Sri Francis Yeoh, managing director of YTL Corp Bhd said, “I am very pleased that following our success of launching the Starhill Gallery in Dubai, we have attracted many investors to invest with our other brands. I am particularly pleased that Pangkor Laut Resort in Dubai is now firmly established. We look forward to expanding this brand globally.”

Eric Eoon

 

[rizalhakim]

our overseas projects power2 giler :banana::banana::banana:

 

[nazrey]

YTL Corp launches Starhill Gallery in Dubai
Kuala Lumpur, 17 April 2007
YTL Community

YTL Corporation Berhad (YTL Corp) announced today the signing of an agreement to launch the celebrated Starhill Gallery concept in the Middle East. The agreement was signed by Pintar Projek Sdn Bhd (Pintar Projek), a subsidiary of YTL Corp, and ETA Star Property Developers LLC (ETA Star), a leading property developer in the United Arab Emirates (UAE). Pintar Projek is also the manager of Starhill Real Estate Investment Trust (Starhill REIT), which owns Starhill Gallery in Malaysia.

Dubai's Starhill Gallery will be part of the US$410 million (RM1.4 billion) Starhill Towers & Gallery complex being developed by ETA Star. With a total built up area of approximately 1.6 million square feet, the Starhill Towers & Gallery will comprise state-of-the-art freehold offices, a 5-star hotel and Dubai's own Starhill Gallery, all housed within a twin-tower waterfront development in Dubai's Business Bay, in the vicinity of The Burj Dubai, which will be the tallest building in the world (now under construction). Starhill Gallery Dubai will take up to 250,000 sq. ft.

Starhill Gallery Dubai will be the first development outside Malaysia to carry the unique, world-renowned Starhill brand conceptualised by YTL Corp, which has redefined the specialised luxury retail niche market and unequivocally affirmed Kuala Lumpur's place on the luxury retail map. There is much interest from global real estate investors to house a Starhill Gallery in other key capital cities around the world including London, Shanghai and Moscow, which are presently being evaluated.

A treasure trove of rich experiences, Malaysia's Starhill Gallery houses the world's leading luxury brands in four unique, themed zones: Feast Village (for iconic restaurants), the Indulge Zone (for exclusive brands such as Louis Vuitton), the Adorn Zone (for the world's most luxurious watch and jewellery brands, including Jaeger-LeCoultre and Van Cleef & Arpels) and the Pamper Zone (for exclusive beauty and wellness related boutiques and spas, housed in a 50,000 sq.ft. dedicated urban retreat).

Pintar Projek expects to see positive contributions arising from licensing fees of approximately RM5.2 million (US$1.5 million), as well as an annual brand management fee under a 4% gross profit-sharing arrangement for use of the Starhill Gallery brand for the new mall. There are no capital expenditure requirements for YTL Corp. Pintar Projek will provide brand management services to ETA Star to ensure the integrity of the Starhill Gallery brand, which includes sharing expertise on architects and consultants to be engaged at the design and construction stage and product and service lines and tenant mix for the mall thereafter, in line with Starhill Gallery in Kuala Lumpur.

Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, Managing Director of YTL Corp and Chief Executive Officer of Pintar Projek, said, "We are proud to be associated with ETA Star, who has an impeccable record of developing billion-dollar premium properties in prime locations.

"Although Dubai is known for its super mega shopping malls, we are confident that Starhill Gallery will create a mark for itself with its distinctive design, architecture and the unique shopping experience it will offer. I am glad that ETA Star has chosen Starhill Gallery as a differentiator against the other malls in Dubai."

Abid A. Junaid, Executive Director, ETA Star, said, "We are pleased to be the property developer for a project that houses the unique Starhill Gallery luxury mall owned by the Malaysian conglomerate YTL Corporation. The mall will be a gallery of luxurious experiences in fashion, food, beauty and art and consists of several dedicated zones."

Commenting on the wider implications of this venture for the YTL Corp group, Tan Sri Dato' (Dr) Francis Yeoh also said, "I am looking forward to increased opportunities in the Middle East and North Africa (MENA), especially in the areas of water, cement, power, retail and property."

Construction of the Starhill Towers & Gallery is set to commence in the third quarter of 2007 and the project is scheduled for completion in the second quarter of 2010.

ETA Star has successfully launched projects close to 10 million sq ft in various master development communities like Dubai Marina, Jumeriah Lake Towers, Dubai International Financial Centre, Business Bay and International Media Production Zone. ETA Star's portfolio includes pioneering projects such as 23 Marina, Al Manara, Liberty House, Gold Crest Executive, The Palm Jumeriah Residence and Spa and Grandeur Residences, The Summit, Pearl Residence, The Belvedere and Gold Crest Views-2. ETA Star is also carrying out similar projects in Oman, Qatar, Pakistan and India.

ABOUT YTL CORP

Listed on the Main Board of Bursa Malaysia Securities Berhad since 1985, YTL Corp is an integrated infrastructure developer with core activities including power generation and transmission, owning and managing water and sewerage facilities, property and hotel development, cement manufacturing, construction contracting and e-commerce initiatives.

In line with its strategy of acquiring regulated assets operating under long-term concessions, the Group owns a 33.5% stake in ElectraNet in Australia, a 100% stake in Wessex Water in the United Kingdom and a 35% stake in P.T. Jawa Power in Indonesia in 2004. YTL Corp also has cement manufacturing, property development and hotel interests in Singapore, Indonesia and Thailand.

ABOUT STARHILL REIT

Listed on 16 December 2005 on the Main Board of Bursa Malaysia Securities Berhad, Starhill REIT's principal investment strategy is to invest in a diversified portfolio of income-producing real estate, used primarily for retail, office and hospitality purposes, with particular focus on retail and hotel properties. Starhill REIT currently owns three prime properties situated in Kuala Lumpur's Golden Triangle, namely, Starhill Gallery and the adjoining JW Marriott Hotel Kuala Lumpur, and 137 parcels and 2 accessory parcels of retail, office, storage and other spaces within Lot 10 Shopping Centre.

Pintar Projek, Starhill REIT's manager, was incorporated in 1994 and is a 70%-owned subsidiary of YTL Land Sdn Bhd, which in turn is wholly-owned subsidiary of YTL Corp.

 

[nazrey]

Starhill Towers and Gallery

Starhill Towers & Gallery is a unique business edifice that offers more than just freehold offices. It is a unique confluence of sense and sensibility. A mixed-use project comprising spectacular twin-towers, its outstanding business amenities are embellished with myriad leisure offerings.

The luxurious ‘Starhill Gallery’ will offer a bouquet of exclusive experience, from fashion, lifestyle, beauty and art to fine dining. A five-star hotel, hotel apartments and an array of recreational facilities go on to complete the "Bizort’ experience.

Designed by the eminent DP Architects, Singapore, the twin towers are shaped to a convex curve with their elevations forming a wave-like appearance at the peak. The two tower blocks are connected by means of an open-to-sky garden belt that offers a spectacular view of the waterfront.

 

[rizalhakim]

^^ thats cool...thx nazrey...i wish dats malaysian starhill :nuts:

 

[nazrey]

IJM India
Part Design and Construction Elevated Viaduct and structural work three elevated stations on Shahdara –Dilshad Garden Corridor of Phase II of Delhi MRTS

© Copyright 1997-2006 IJM India Infrastructure Ltd. All rights reserved.

 

[rizalhakim]

45storey Sidra Tower, Dubai
a project by Zelan Group Bhd, the developer for Hampshire Residence and the future Lidcol residence in Jln Ampang.

 

[rizalhakim]

04-01-2008: SP Setia to build homes in Ho Chi Minh City
by Woon Wu Lin

KUALA LUMPUR: SP Setia Bhd is teaming up with Vietnam state-owned enterprise Saigon Hi-Tech Park Development Company (SHTP) to jointly design and develop a mixed use real estate development project on a 32ha piece of land in Ho Chi Minh City.

In a statement yesterday, the company said its unit Setia Saigon East Ltd (SSEL) had formalised a cooperation agreement with SHTP and they would set up a joint venture company (JV), with a maximum charter capital of US$20 million (RM67 million) to undertake the development.

SP Setia said it would own 67% of the JV via SSEL and another unit, Setia D-Nine Ltd, while SHTP would hold 29% and the remaining 4% would be held by the staff company of SHTP.

SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said the latest move was in line with the company’s strategy to export real estate expertise to regional markets with bright economic prospects under its geographical drive and further improve its earnings base.

“Fresh from securing the investment certificate (IC) for our first Vietnam project, EcoLakes in the industrialised province of Binh Duong near HCMC two months ago, we have inked this deal to embark on yet another project in Vietnam.”

“This underscores SP Setia’s commitment towards expanding its presence in Vietnam, which is widely hailed as one of the most promising emerging real estate markets in Asia today,” he said.

Liew added that the project would allow SP Setia to enhance its presence in Vietnam and showcase its experience in developing niche residential products within Ho Chi Minh City itself.

He said Vietnam was an ideal country for the company to venture into as its economic growth was expected to exceed US$12 billion in 2007 powered by foreign direct investments.

According to SP Setia, the development site is strategically located next to the Vietnam Golf and Country Club and would benefit from the green open space and services of the golf course.

The site is also located only one kilometre from the Hi-Tech Park, which is based on the model of a technical economic zone, which seeks to attract foreign investment and mobilise domestic high-tech resources.

The company said the Hi-Tech Park has managed to attract the interest of many big names in the high-tech industry including Jabil Circuit, Nidec, Sonion and the Intel Group since 2003.

“The undoubted attractiveness of the Hi-Tech Park to high-tech workers is expected to result in an increasing number of expatriates and local managers moving to work in the area,” it added.

http://www.spsetia.com.my/eco_lakes